{"data":{"id":"us-ky/krs-367.420","jurisdiction":"us-ky","citation":"KRS 367.420","heading":"Buyer's right to cancel home solicitation sale -- Method of cancellation.","body":"(1) Except for home solicitation sales on loans in which a security interest is taken in\nthe principal dwelling of the buyer as provided in subsection (6) of this section, and\nexcept as provided in subsection (5) for other goods and services, including all other\nconsumer loans, in addition to any right otherwise to revoke an offer, the buyer has\nthe right to cancel a home solicitation sale until midnight of the third business day\nafter the day on which the buyer signs an agreement or offer to purchase which\ncomplies with this part.\n(2) Cancellation occurs when the buyer gives written notice of cancellation to the seller\nat the address stated in the agreement or offer to purchase.\n(3) Notice of cancellation, if given by mail, is given when it is deposited in a mailbox\nproperly addressed and postage prepaid.\n(4) Notice of cancellation given by the buyer need not take a particular form and is\nsufficient if it indicates by any form of written expression the intention of the buyer\nnot to be bound by the home solicitation sale.\n(5) The buyer may not cancel a home solicitation sale if the buyer requests the seller to\nprovide goods or services without delay because of an emergency, and\n(a) The seller in good faith makes a substantial beginning of performance of the\ncontract before the buyer gives notice of cancellation, and\n(b) In the case of goods, the goods cannot be returned to the seller in substantially\nas good condition as when received by the buyer.\n(6) For home solicitation sales on loans in which a security in terest is taken in the\nprincipal dwelling of the buyer, the buyer shall have the right to rescind or cancel\nthe transaction until midnight of the tenth business day following the later of the\nconsummation of the loan transaction or the delivery of the mate rial disclosures\nrequired under the Truth in Lending Act, 15 U.S.C. 1601 et seq.","path":["KRS Chapter 367"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34959","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:03Z","sha256":"1ac8ab0a335aeeb3a785252b48e851eb1d0e0f563618e2e7fc1d83864d0aa9d3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-367.410","next":"us-ky/krs-367.430"},"notice":"GroundRules: Original legal text. Not legal advice."}